A Few Good Reasons to Favor Agent-based Modeling in Economic Analyses

Riccardo Boero

Chapter 1 in Agent-based Models of the Economy, 2015, pp 3-9 from Palgrave Macmillan

Abstract: Abstract An Agent-based Model (ABM) is a formal tool for scientific inquiry. When dealing with an unknown scientific method, several questions are worth asking: What is it? How to use it? And most important, is it useful?

Keywords: Causal Mechanism; Representative Agent; Formal Tool; Economic Phenomenon; Realistic Social Network (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-33981-2_1

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DOI: 10.1057/9781137339812_1

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